On May 13, 2020, Americas Gold and Silver Corporation closed a bought deal financing with a syndicate of underwriters co‐led by Cormark Securities Inc. and Desjardins Capital Markets. A total of 10,269,500 common shares of Americas Gold, including the exercise of the underwriters’ over‐allotment option in full, were issued at a price of $2.80 per share for aggregate gross proceeds of approximately $28.75 million.
Cassels acted for the underwriters with a deal team that included Chad Accursi, James Lyle and Jasmine Qin (Securities and Mining) and Chris Norton (Tax).